Speculation continues to swirl through the capital markets surrounding the fate of first nbc bank, after regulators deemed the bank earlier this year to be in a "troubled condition". The New Orleans-headquartered bank, formed in 2006 in the aftermath of Hurricane Katrina, subsequently hired financial advisers to consider strategic alternatives. hancock holding, whose 2010 FDIC-assisted takeover of Whitney Bank gave it a foothold in the city, provided further credence that an acquisition of First NBC was in the works when it raised US$233.8m in an overnight stock sale last Monday.
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